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The Securities and Exchange Commission (SEC) approved, on May 23, securities exchanges’ listing of Ethereum (ETH) spot exchange-traded funds (ETFs). ETH’s price surged following the news as related keywords started dominating the cryptocurrency space. However, Vini Barbosa spotted divergent data on Santiment’s Sanbase Pro charts, suggesting retail traders currently dominate the Ethereum market. In particular, Ethereum’s social dominance reached year-over-year highs at 14.21%, strongly dominating other cryptocurrencies in social indicators. This index alone usually suggests retail traders are the protagonists in the current action, and whales have previously opened positions. Picks for you Donald Trump declares support for crypto, insists US must not  settle for ‘second place’   35 mins...

An unusually high volume of large trans action s has occurred with the Shiba Inu over the past two days, according to blockchain analytics firm IntoTheBlock. On October 17th and 18th, the platform recorded over $40 million worth of SHIB transfers worth at least $100,000. The totals equated to 5.56 trillion and 5.96 trillion SHIB moved, respectively. The spike in large trans action s follows two major SHIB transfers earlier this week that appear to be the primary drivers. Also read: Basel Committee Proposes New Crypto Disclosure Rules for Banks Large Shiba Inu transactions occur regularly On October 16th, two singular transfers of over 1 trillion SHIB tokens occurred, valued at $11.5 million each. These two events likely induced follow-on activity. While large individual wallet movements occur regularly, seeing such an abnormal spike of high-value Shiba Inu trans action s is noteworthy for short-term price action . Also read: Shiba Inu Team Warns of Fake Telegra...

Also Read: ETH Price $1,630 Support On The Line, Time To Buy Or Sell Ether? advertisement CEO Brian Armstrong Sold Most Shares According to the real time insider trans action data from Dataroma, some of the top executives at the Crypto exchange , including CEO Brian Armstrong and chief legal officer Paul Grewal, initiated as many as 53 sale trans action s worth over $30 million. These Coinbase stock sale trans action s were carried out between 20 June 2023 and September 1, 2023, whereas the SEC lawsuit was filed on June 6, 2023. In a trans action as recent as September 1, 2023, Brock Lawrence, the company’s chief people officer, sold over 19,000 shares. The SEC had in the lawsuit charged Coinbase with operating the crypto trading platform as an unregistered national securities exchange, broker, and clearing agency. The complaint argued that the exchange had since at least 2019 unlawfully facilitated the buying and selling of crypto asset securiti...

LINK, FIL, SNX and THETA are starting to look bullish right as Bitcoin prepares for a volatile price move. Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range. On the macroeconomic front, the Federal Reserve’s meeting on July 25 and 26 is an important event to keep an eye on. The FedWatch Tool shows a 99.2% probability of a 25 basis point rate hike in the meeting. If that happens, the markets may not witness a knee-jerk reaction as the hike seems to have been priced in. However, any surprise move by the Fed could thrust the price out of the range. Crypto market data daily view. Source: Coin360 Several analysts expect the range to break soon but there is no consensus on the direction of the breakout. If the price breaks below the range, analysts expect a significant downside. ...

According to FCA, all crypto ATM operators in the United Kingdom are currently illegal because none of them is registered with the regulator. The United Kingdom’s financial regulator, Financial Conduct Authority (FCA), is coming for unregistered cryptocurrency automated teller machines (ATMs). THe FCA and the cyber team at West Yorkshire Police have taken action against several sites in and around Leeds city suspected of hosting illegally operated crypto ATMs. Announcing the news on Feb. 14, the FCA emphasized that no crypto ATM operators in the United Kingdom currency have FCA registration. The authority stated that all crypto exchange providers — including crypto ATM operators — must be registered with the FCA and comply with the U.K. money laundering regulations. “Unregistered crypto ATMs operating in the U.K. are doing so illegally,” FCA’s executive director of enforcement Mark Steward said, adding that the regulator will continue to disrupt unregistered crypto businesses in...